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kids dodging cars in the south bay. dan noyes and the abc news i-team take on a dangerous intersection and they look at solutions. we are continuing to track the storm as more rainfalls in the bay area. this is live doppler 7-hd. you can see all the blue and green. that is lot of moisture out there. meteorologist lisa argen will have your full forecast coming up. >> katie: good morning, welcome back. thanks for watching this morning it's 8:12, you are looking live at san mateo bridge, what a gray wet mess it is out there. san mateo has seen its share of rain coming down horizontally at some point. the cars will keep it slow hopefully and stay safe. >>> san jose spiarnt worried that children walking to school in her neighborhood will get hurt dodging cars in a busy intersection. the problem is in the seven trees neighborhood in south san jose where there are five schools near the intersection of center road and easy street. the i-team dan noyes has the story. >> reporter: neighborhood children try to navigate and anxious line of commuters every morning here at the corner of center road
to talk to us dan greenhaus, you are, if i understand it, a fiscal cliff stock bear. >> yes. give or take, yes. >> and why? >> well, i think it's pretty clear you're talking about -- well, our best case scenario has been we're going off the cliff. we said that the day after the election, we standby it today. if you do that, you're talking about the largest tax increase in our country's history, a considerable amount of spending cuts, and in the short-term, probably hit the stock prices on the order of 10%. >> if i give you a cliff deal. okay. i'm going to give you a cliff deal for middle class extensions, 250,000, you're right the top rates will go up. but if you get that deal in january, that does save us from the recession scenario, the really deep gloom scenario. >> this is the big debate. our view has been if you get a deal fairly quickly in the new year, it's hardly the end of the world. the question really or the debate really accelerates if you start getting closer to january 15th or ultimately the inauguration. do you do more serious damage to the economy that makes it more diffic
to pull their cash savings out to pay for higher taxes. here now is dan geller, executive vice president of market rates insight. dan, good to have you here. walk me through this math. you're saying the average american is going to put 54% less into savings this year because if we go over the fiscal cliff? explain. >> yeah. let's go back, michelle because the amount of taxation on an average household is effort mated at $2600, and right now the average savings -- bank savings per household is $5,000. so, yes, this would reduce the amount available for savings by more than half. >> when taxes have gone down, have you seen a subsequent rise in savings and what people put away? >> absolutely. this is the analysis that they did, they compared the two before the tax cuts and after the tax cuts and we saw two things, overall deposits in banks doubled during the tax cut period since 2001 from $4 trillion to $8 trillion. so there was a doubling of the amount of money that consumers deposited in banks and on the levels, as i mentioned before increased from about $2500 a year average to about $5,0
. here's dan lothian with his story. >> reporter: it takes a lot of people to make a president. big-time advisers, big donors and a very big rolodex bulging with volunteers, one of the youngest might well be 16-year-old alex birdie. >> i think politics is going to be my route. >> he's not your typical teenager. politics is in ms. blootd and passion is in his heart. >> one day we were driving along listen to go to political radio. we have to go in now. >> in 11th grade went all in, juggling high school classes and part-time courses at a local community college canvassing for president obama. >> we're a middle class family. when we talk to them, it's he relatable. she has a son in high school. >> training campaign volunteers old enough to be his parents. >> the first time i can see a lot of faces. i had to start screaming training over here. from a kid, no? that wouldn't be useful, would it. >> one campaign official urged him to brag about his experience so adults would trust him. 2012 was the first rodeo. he came pained for obama in 2008, working the phones as an 11-year-old. >> how
with dan note as richard handing over the crown to henrik iv played by james lockhart? maybe. the best shakespearean analog is julius caesar. with the dictator, mortgage finance cut down in the capital, henry paulson this time playing brutus, i am thinking of the great scene where mark antony stands over and addresses the murdered body of caesar. this time we have mark antony played by bob hagerty standing over and addressing the fallen fannie, oh mighty fannie, do you live solo? that is enough indulging myself. your indulgence. we are about to hear from the author of this excellent book. after bob's presentation we have ten minute comments and i will introduce at that point and we will follow that with discussion, including your questions at 6:00 and adjourn for reception. and a book signing an informal discussion at that point. and in the wall street journal, and does work as reporter and bureau chief for the wall street journal, and the international herald tribune in hong kong, london, brussels, paris, atlanta, served as managing editor of the asian wall street journal and london b
sales. >> the only way to cia an endangered breed of cows is to serb them up. dan lothian. >> reporter: you are looking at one of the rarest, most endangered animals on the planet. the randall lineback cow. they are more endangered than polar bears, mountain gorillas, pandas, or tigers. it's estimated there are fewer than 500 of these cows left on the planet. not many some far-flung corner of the world, but most right here on a farm in northern virginia. joe henderson, a real estate executive and part-time farmer, is on a mission to save this historic breed of cattle from going extinct. >> i mean, you cannot look at these cows and tell me they're not beautiful. they really are. those little teeny babies -- >> they're cute. >> they are more than cute. i mean, they are -- >> what did you call them? >> they're the pandas of the cow world. >> it's very expensive raising these bovine pandas. >> this animal to survive must find a job. i think we've found a job, and the job is -- >> it is kind of counter intuitive that to rescue this breed, you have to consume it. kahol armstrong is a top che
? >> caller: washington redskins booyah p rg3 nation stand up. >> dan snooid ser your owner. have you thought about that at all? >> caller: i have a quick question. >> sure. >> caller: when the market is overbought, should i go for the long-term? >> when it's overbought, my own rule is that plus five, if we're very overbought, hey, take a pass. another time will come. however, you can get started small and hope it comes back if you just can't resist. sam in ohio. sam. >> caller: hey, jim. big glass city booyah to you. >> loving it what's up? >> caller: i got a question. i've been looking at a couple utility stocks, going with preferred instead of the common shares. i wanted to get your opinion on -- >> no, come on, man, we want upside. a lot of these utilities should have to be fabulous growth stocks, particularly in a growth economy. let's just open them outride, we'll do just fine. of course i want you in in market for the long run. you can't beat those high streakly traders. give me a break. i want long-term investing but that does not mean buy and forget. for the long haul, do not throw o
sure we're getting out of town in the end. >> they should be plans you can be cancel. dan na, jessica says pressure is a great motivator. talk about pressure on speaker boehner, couldn't get enough support from his own party for his plan. what does that mean for any kind of bipartisan plan that they might be working out? >> it really does illustrate how difficult it is going to be for democrats to even achieve what the president laid out, a detailed-down version. why? the speaker himself said a couple of times today that he believes that the reason why he didn't get even the majority of his caucasian does to support him was because of a lot of difficulty voting to raise taxes. voting for anything that can be perceived as a tax increase. well, what the president is talking about, even a scaled-down version, is devil raysing taxes. and raising taxes on people making $250,000 or more. at least household. so that's going to be difficult to do and that's why reality check here, talking to democrats and republicans, it seems they're going through the motions, that they're going to talk abou
dealmakers around and people like dan rostenkowsky and the late jack brooks when he was chairman of the judiciary committee. we need a few more people like that who know how to get thins done. unfortunately, we're in short supply right now. >> david, is john boehner's role -- has his role been diminished? >> no. i mean, look, what you have is a situation, i think what's clearly occurred here has been the house passed bills in terms of being able to avert this fiscal cliff, the senate has had difficulty in managing those bills and as a result of that harry reid ended up passing a completely different bill rather than taking up what could have been to get us into the traditional process and then they get to the congress where they get to negotiate and for some reason i don't understand why reid didn't pick up the two bills and simply pass them and amend them the way we wanted so we can get the congress. i'm sort of befuddled by that. >> that's a good point. jonathan allen raised an interesting point and it speaks to what you just said as well, david. this is from politico yesterday
sanity, your 401(k)? joining us is president and ceo of shaver asset management dan shaffer. good to have you on this friday, big day for the market. all these talks, i noticed movement in bond prices. in the currency market, what is your technical analysis telling you about these? >> the setup seems to be there is winding of speculation. i follow the commitment of traders report every friday afternoon by the cftc and the government and tell you who is on what side of the market so we're looking at speculator is being more of the bullish crowd where commercials or hedgers and these are the traders that are not neutral. they are not speculating. they hold on the other side the other side of the trade in the cash market so we are looking at the currency market in particular, they are setting up for a strong u.s. dollar rally where they are heavily short of the british pound and the australian dollar and swiss franc, getting some movement. shibani: it is clear it is a set up but what is the cat was to cash in on this? >> the catalyst no matter what the response is out of washington with the
'm coming! whip!> sorry, dan. whip> i tell ya for the millionth time, i haven't been following you! you shouldn't get so hot under the collar, mister. you better cool off. help hey, sid, let's get out of here! ♪ help! help! who turned out the lights?! where am i? in a tunnel? the bank's been held up! ♪ just a cotton-picking minute, bullet! can't you trail them an easier way? what, you think nelliebelle is a mountain goat? well pat, i thought nelliebelle could go any place. well don't you ever worry. they ain't nobody out-trail nelliebelle yet. here comes sid. and he's in a hurry. there's a posse coming. you must have been trailed here. how could they? they got that dog of rogers's with them. rogers, huh? gather up this money. we'll give them a nice warm welcome. there are the horses. they must be inside. stay here, bullet. ♪ we're just wasting good ammunition. if we can keep them away from their horses, we got them pinned down. mayb
the speech this said, if you love us so much, why do you still have all those guns pointed towards us. dan and i were way back away from them. there was a real between us. they cannot hear what i said to him. i said, tell the s.o.b. i don't trust him. he said they would run both of us out there. his son is a very fine young man, did a wonderful job as vice chairman of this committee. we will miss the young man. how do you lose a guy like jeff cravaack? very knowledgeable, fought for everything that was right. he served with me on -- i believe we served together on the transportation committee. is lynn here yet? she is not here. brad miller of north carolina. i have learned something from him, several things. he goes back to one of the better law practices in north carolina. all my folks from cannon mills, kannapolis. you are done enough to come back. i wish you well. -- young enough to come back. i wish you well. and hansen clarke. he was a great guy. it was an honor to serve on this committee with all of you. no matter what they go to next, there will always be friends and colleagues. mis
. i got this for all my guys in the company. the guy who runs my d.c. office, dan clifton. this is fiscal clifton world tour. and all the places where he was, various and sundry places -- >> who is that band? >> this is k.i.s.s. and my partner -- >> we've got to go. jason, thank you for all of this. we appreciate it very much. join us on wednesday. happy holidays. "squawk on the street" starts right now. >> can't wait to see what jason got us here. welcome to "squawk on the street" on this final trading day before christmas. i'm carl, with melissa lee, david faber at the nyse. the new york stock exchange and nasdaq closing at 1:00 p.m. eastern time. the futures, a little bit of weakness here which we'll talk about in a minute, after it comes after a pretty bad day on friday. the european markets closed for the christmas eve holidays. london, paris, spain have each completed shortened sessions in light of the christmas holiday as well. the friday sell-off, only five trading days are left in the year. is the market getting used to the idea that a fiscal cliff solution will n
will go into overdrive in the new year. . >> joining us now is dan dickert. you just said palladium. that's a big pick for you? >> i was surprised that sharon spoke about palladium. it was my sleeper bet for 2013. >> what's going on with palladium? >> it's a real industrial metal. it's in short supply. it's undertraded, underowned and one of those industrial metals. it's one of those sleeper metal plays that you can make. used in vehicles? >> in the cat converters. that's the main use for them. there's a real shortage that's been going on in palladium. >> look into the crystal ball. give us an oil price if you came back here a year from today. >> this is the toughest one ever. this is the third year i've conpredictions for you twice. it's not so bad. >> you said it would fluctuate? >> there was one guy who said it would rachet between $130 and $160. i said you have to do better than that so i will do better than that. i think that the trend is in place and we'll get a higher low every year since the recovery in 2009. >> a higher low? >> a higher low. so you will not see anything below $78
public editor, dan. he was pretty critical. i didn't all the agree with him and he had his kind of quirks like everybody else does and he couldn't stand klugman who i think is quiet good. and then gentle barney very rarely raised his voice so they liked him. and i was pretty -- kind of critical of him. he's a very nice man but didn't push them. then the next person was craig whoy thought was quite good. then they had author who didn't finish his term and didn't have much to say. but i think really what we need in the public editor frankly, and i have said this in print, not in the book, but they need kind of a somewhat trance gressive feistty public editor who calls them to account. for example, their financial reports, i've talked about that, are often semibog gus. they are on the mystic and were issuing reports that weren't true. if they issue reports ten years in a row that are overly optimistic somebody should call them on this. they just write stories about themselves. but i think we could have a little bit of a -- they should be called to account on lots of things. they should be ca
Search Results 0 to 14 of about 15